Admission to AIM

Independent Resources PLC
12 December 2005

12 December 2005



                           Independent Resources plc

                   ('Independent Resources' or the 'Company')



                                Admission to AIM



Independent Resources plc announces today that its ordinary shares have been
admitted to trading on AIM.



Independent Resources' strategy is to integrate upstream oil and gas projects in
the Mediterranean region with gas storage facilities that can store gas
generated from its own gas producing assets and on behalf of other parties.



The Company's projects include an underground gas storage concession at Rivara
in northern Italy, exclusive rights to the Fiume Bruna coal bed methane (CBM)
permit in Tuscany, and a 40 per cent. interest in a permit to explore for oil
and gas in the Ksar Hadada onshore area of Tunisia.  The final awards of the
Rivara concession and the Fiume Bruna permit are subject to an environmental
impact assessment.



The Directors of Independent Resources have extensive technical and commercial
experience in the energy sector covering upstream oil and gas exploration and
production, carbon dioxide sequestration, capital project development and energy
trading activities.



Approximately 33.4 million ordinary shares in the Company have been admitted to
AIM. At the placing price of 60p per share, the Company is valued at just over
£20 million.



The Company's admission to AIM follows the successful completion of a placing
and subscription at 60 pence per ordinary share to raise gross funds of £5.1
million.



The net proceeds from the Placing and the Subscription of approximately £4.3
million and the existing cash resources of the Group will be principally used to
fund the following:



•  approximately £3.3 million toward appraising Rivara's
expected underground gas storage potential, the productivity of the Sidi Toui-3
well in the Ksar Hadada area and Fiume Bruna's CBM potential; and

•  approximately £1.0 million to fund the ongoing working
capital requirements of the Group.



Additional funds will be required, in due course, to complete all the appraisal
activities and to develop those identified opportunities which show potential
for commercial development.



Grayson Nash, Executive Chairman of Independent Resources, said: 'Our arrival on
AIM will enable us to progress our plans to become a significant player in the
storage, supply and production of hydrocarbons within the Mediterranean region.
 We have a highly integrated strategy and a management team with the technical
and commercial skills to create value from our promising opportunities.'



Deloitte Corporate Finance is acting as nominated adviser and Hichens, Harrison
& Co. plc as broker to Independent Resources.


Copies of the admission document will be available to the public free of charge
during normal business hours on any weekday from the offices of Hichens Harrison
at Bell Court House, 11 Blomfield Street, London EC2M 1LB and shall remain
available for at least one month after Admission.



For further information contact:



Independent Resources



Ian Foster (First City PR)          020 7436 7486
Grayson Nash                        00 39 02 3655 960
Stephen Staley                      07771 838 753



Deloitte Corporate Finance



Jonathan Hinton                     020 7936 3000
Feilim McCole



Hichens Harrison

Christian Dennis                    020 7382 4450




                      This information is provided by RNS
            The company news service from the London Stock Exchange